Chief Financial Officer Jim Dockery says agreements with PPG and Howmet originated in the '70's, as a way to attract industry.
These days, Howmet pays 100 percent of normal city taxes as Payment in Lieu of Taxes ... and PPG does, too ... except for a break on one of its newer facilities.
Both pay normal water and sewer rates as well -- and they get city fire protection.
The break they get as a result of non- annexation is that they don't have to pay franchise fees -- which are based on consumption of gas and electricity.
W.F. Chief Financial Officer
"We would hate to lose those employers -- you now, it would be a negative affect on our economy -- so it's a balancing act as to whether or not you put additional costs on the industry that could negatively impact them, or ... maintain the industry, keep the jobs here in the community, & so forth."
Dockery says given the current economic situation, now would have been a bad time to put additional financial burdens on the companies.
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